May 20, 2007
Making money online - Part 1
For almost a decade now since the
1990’s, many people are already
making money online.
Making money online is no more a
dream but reality that has already
been experienced by many through
various strategies such as affiliate
marketing, ecommerce (eg. Amazon),
electronic auctioning (eg. eBay), etc.
As a result, even many firmly
established network marketing (widely
known as MLM or multi level marketing)
companies as well as new MLM startups
are beginning to bring or build their
business online to enjoy the dual
advantage of:
1) Leverage through the power of ONE
2) Leverage through the power of MANY
What’s the difference?
Now, let’s talk about the Power of
Leverage Through The Power Of ONE.
* * *
You might have heard about The circle
of Influence.
Network marketing or MLM has been
around since the 1950’s and you
probably know of companies like Amway,
NuSkin who are leaders in this industry.
This business model relies upon word of
mouth advertising, meaning a person is
more likely to listen to the
recommendation of someone he or she
knows.
And since everyone, except those who
have been sleeping under their beds,
has a circle of influence of 3 to 5
closed family members and/or friends,
the business explodes exponentially,
at least on paper.
Thus, starting from ONE person, a
product or service can be marketed
through a network of many via the
“circle of influence”
A typical progression looks like this
if one person is able to bring just
2 members into a network marketing
business:
Starting from ONE:
1
1 x 2 = 2
2 x 2 = 4
4 x 2 = 8
8 x 2 = 16
16 x 2 = 32
32 x 2 = 64
64 x 2 = 128
128 x 2 = 256
256 x 2 = 512
512 x 2 = 1024
1024 x 2 = 2048
…
I’m sure you get the picture…
IMPORTANT NOTE:
While you can make money online just
through affiliate marketing, having
leverage through a multi-tier affiliate
or multi-level marketing program will
make life alot easier once your
marketing gathers momentum.
Just imagine: when your customers
become your business partners, you will
earn an overriding commission on their
sales!
Stay tuned and we’ll talk about
Leverage through the power of MANY
tomorrow…
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